Reference no: EM133127333
Question - On January 1, 2020, MJE, Inc., declared a 15% share dividend on its ordinary share when the fair value of the ordinary share was $20 per share. On April 2020, MJE declared dividends P1.00 per share.
Shareholders' equity before the share dividend was declared consisted of: Ordinary share, P 10 par value, authorized 200,000 shares; issued and outstanding 120,000 shares $1,200,000
Additional paid-in capital on ordinary share 150,000
Retained earnings 700,000
Total Shareholders' Equity $ 2,050,000
Required - What was the effect on MJE's retained earnings as a result of the above transaction?
A. 318,000
B. 360,000
C. 498,000
D. 480,000
|
What is the contribution margin
: The contribution margin earned on regular customers (unaffected by this deal) is much higher, at €32. What is the contribution margin that managers
|
|
What is the budgeted production
: Mickey, Inc. manufactures ball pens and has a master-budget capacity for 2022 of 452,000 units. What is the budgeted production
|
|
Calculate the conventional bic ratio
: If the previous market value of the property was $900,000, calculate the conventional BIC ratio using an interest rate of 6% per year and a 20-year study period
|
|
How much is the net benefit of this bank service
: YY can invested freed cash into a mutual fund to earns 5% annually. How much is the net benefit/(cost) of this bank service
|
|
What was the effect on mje retained earnings
: Ordinary share, P 10 par value, authorized 200,000 shares; issued and outstanding 120,000 shares $1,200,000. What was the effect on MJE retained earnings
|
|
How much is the total shareholders equity
: Issued 50,000 shares in exchange of Building with book value of $3,500,000. How much is the Total Shareholders equity
|
|
Prepare the depreciation journal entry for the year
: Prepare the depreciation journal entry/entries for the year ended 31st December 2019 using the Re-allocation Method
|
|
What is the range of risk aversion
: Assume that the equity market index has an expected return of 16% and standard deviation of 229%, that rf = 5%. What is the range of risk aversion
|
|
How many times did the company issue long-term debt
: How many times did the Company issue long-term debt in 2020? What were the net proceeds of the long-term debt issued in 2020
|